Entain (LON:ENT) Trading Down 2.9%

Entain Plc (LON:ENT)’s stock price dropped 2.9% during trading on Wednesday . The stock traded as low as GBX 605.60 ($7.96) and last traded at GBX 616 ($8.10). Approximately 1,176,784 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 2,675,423 shares. The stock had previously closed at GBX 634.20 ($8.34).

Analysts Set New Price Targets

ENT has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,140 ($14.99) target price on shares of Entain in a research note on Monday, June 24th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,143.17 ($15.03).

Entain Stock Down 2.9 %

The firm’s 50-day simple moving average is GBX 620.83 and its 200 day simple moving average is GBX 721.12. The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67. The stock has a market capitalization of £3.94 billion, a P/E ratio of -962.50, a PEG ratio of 0.92 and a beta of 1.19.

Entain Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be issued a dividend of GBX 9.30 ($0.12) per share. This represents a yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from Entain’s previous dividend of $8.90. Entain’s dividend payout ratio is presently -2,968.75%.

Insider Activity at Entain

In related news, insider Ricky Sandler acquired 555,333 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of GBX 580 ($7.63) per share, with a total value of £3,220,931.40 ($4,235,281.26). Insiders own 0.22% of the company’s stock.

About Entain

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.